City of Karratha

Lot 7020 Development Proposal

The City of Karratha (City) is proposing to enter into a Major Land Transaction involving:
• acquisition from the West Australian Land Authority (DevelopmentWA) of Freehold Lot 7020 on Deposited Plan 401051 being the whole of the land in Certificate of Title Volume 2862 Folio 261;
• acquisition from the West Australian Land Authority (DevelopmentWA) of Part Lot 7018 on Deposited Plan 405188 being the whole of the land in Certificate of Title Volume 2890 Folio 100; and
• construction of approximately 97 studio, one, two and three bedroom apartments, plus 1,730 sqm of commercial and civic space on the land; and
• leasing of the residential and commercial tenancies. 

The proposed transaction would be developed over a period of approximately 28 months and, if developed in its entirety, would involve investment of up to $65M of City funds (including
loan funding). These funds would be recovered over time through lease payments from residential and commercial tenants.
 
Whilst housing is not ordinarily a local government issue, this proposal has very clear linkages to the City’s approved Strategic Community Plan 2020-2030 and the City has been working proactively to assist with solving this issue alongside regularly advocating with State and Federal Government, critical industry groups, real estate agents and other key stakeholders.
 
The business plan is currently open for public comment. Submissions about the proposed transaction may be made in writing and lodged with the City on or before 5pm, Friday, 20 August 202. Key information below: